December 14, 2017

The Federal Reserve Board is adopting a proposal to extend for three years, with revision, its mandatory "Capital Assessments and Stress Testing" information collection applicable to bank holding companies with total consolidated assets of $50 billion or more and U.S. intermediate holding companies established by foreign banking organizations. According to the Fed, the data collected through this collection provide it with the information and perspective needed to help ensure that large firms have strong, firm wide risk measurement and management processes supporting their internal assessments of capital adequacy and that their capital resources are sufficient given their business focus, activities, and resulting risk exposures.

On June 9, 2017, the Fed published a notice in 82 Federal Register 26793 requesting public comment for 60 days on the proposal. The revisions to the collection are applicable as of either Dec. 31, 2017, or March 31, 2018.